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Madison Square Garden

180 hedge funds and large institutions have $3.82B invested in Madison Square Garden in 2014 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 64 increasing their positions, 60 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,011% more call options, than puts

Call options by funds: $104M | Put options by funds: $9.4M

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

14% more capital invested

Capital invested by funds: $3.34B → $3.82B (+$478M)

7% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 60

5% less funds holding

Funds holding: 189180 (-9)

17% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 41

Holders
180
Holders Change
-9
Holders Change %
-4.76%
% of All Funds
5.17%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
34
Increased
64
Reduced
60
Closed
41
Calls
$104M
Puts
$9.4M
Net Calls
+$95.1M
Net Calls Change
+$95.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$372M +$26.3M +668,594 +9%
LCG
2
Luxor Capital Group
New York
$305M -$36.7M -934,812 -12%
ClearBridge Investments
3
ClearBridge Investments
New York
$245M +$23.4M +596,052 +12%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$238M -$21.9M -558,345 -9%
Vanguard Group
5
Vanguard Group
Pennsylvania
$224M -$669K -17,025 -0.3%
Morgan Stanley
6
Morgan Stanley
New York
$214M +$151M +3,833,077 +396%
GI
7
GAMCO Investors
Connecticut
$185M +$4.93M +125,437 +3%
AI
8
Ariel Investments
Illinois
$125M +$24.6M +626,328 +29%
EC
9
Eminence Capital
New York
$115M +$102M +2,588,984 New
Lazard Asset Management
10
Lazard Asset Management
New York
$113M +$99.4M +2,529,850 New
JCMLC
11
JAT Capital Management LP (Connecticut)
Connecticut
$103M -$62.6M -1,591,840 -41%
GF
12
Gabelli Funds
New York
$101M +$5.91M +150,435 +7%
BIT
13
BlackRock Institutional Trust
California
$101M -$5.11M -130,115 -5%
LPC
14
Long Pond Capital
New York
$96.3M +$52.6M +1,338,718 +163%
State Street
15
State Street
Massachusetts
$94.2M -$42.9M -1,091,014 -34%
BAMCO Inc
16
BAMCO Inc
New York
$78.1M
First Eagle Investment Management
17
First Eagle Investment Management
New York
$76.6M +$40.8M +1,038,994 +152%
VM
18
Valinor Management
New York
$75.7M +$6.46M +164,273 +11%
Norges Bank
19
Norges Bank
Norway
$60.2M +$26.6M +676,010 +100%
CRAM
20
Claren Road Asset Management
New York
$46.8M +$41.3M +1,051,500 New
BAM
21
Burgundy Asset Management
Ontario, Canada
$43.8M -$706K -17,964 -2%
PI
22
Putnam Investments
Massachusetts
$43.6M +$3.84M +97,624 +11%
Dimensional Fund Advisors
23
Dimensional Fund Advisors
Texas
$36.8M -$1.15M -29,229 -3%
PA
24
Pinnacle Associates
New York
$35.9M +$1.23M +31,222 +4%
TAM
25
Third Avenue Management
New York
$33.3M +$9.18M +233,534 +45%

MSGS Hedge Fund Activity: Q2 2014 in Review

180 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Madison Square Garden (MSGS) for Q2 2014, worth a combined $3.82B — up 14% from $3.34B a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of MSGS and 34 opened new positions — a net loss of 7 holders — while 60 trimmed existing stakes and 64 added.

The largest buyer was Morgan Stanley, adding an estimated $151M. The largest seller was JAT Capital Management LP (Connecticut), cutting an estimated $62.6M.

  • 180 institutional investors held Madison Square Garden (MSGS) as of Q2 2014, down from 189 in Q1 2014.
  • Funds reported $3.82B of Madison Square Garden stock for Q2 2014, up 14% quarter-over-quarter.
  • 34 funds opened new Madison Square Garden positions in Q2 2014 and 41 closed out, a net change of -7 holders.
  • The largest Madison Square Garden buyer in Q2 2014 was Morgan Stanley, an estimated $151M added.
  • The largest Madison Square Garden seller in Q2 2014 was JAT Capital Management LP (Connecticut), an estimated $62.6M sold.

Based on aggregated 13F filings for Q2 2014.